HB651

Establishes a framework for conservation banks in Hawaii to protect endangered species and their habitats.

This bill creates a system for establishing and operating conservation banks in Hawaii. It outlines the requirements for applications to establish such banks, including details on geographic areas, species protection, resource management plans, and financial assurances. The bill also specifies the process for approving conservation bank instruments, including the role of the endangered species recovery committee and the board. It defines key terms such as "credit bundling" and "credit stacking," and sets rules for the transfer and use of credits.